TimkenSteel Board of Directors Elects Additional Independent Director

Aug 12, 2015, 16:01 ET from TimkenSteel Corporation

CANTON, Ohio, Aug. 12, 2015 /PRNewswire/ -- The board of directors of TimkenSteel Corporation (NYSE: TMST, timkensteel.com) elected Terry L. Dunlap, a retired executive vice president of Allegheny Technologies Inc., as a new independent director. Ten directors now serve on the TimkenSteel board.

"Terry brings a lifetime of knowledge in all aspects of the metals industry to the TimkenSteel board," said Ward J. "Tim" Timken, Jr., chairman, CEO and president of TimkenSteel. "From marketing and supply chain to serving as the leader of a $2 billion specialty metals business, his experience adds further depth to our board of directors' already significant understanding of the market and supply chain dynamics that affect our business."

Dunlap spent 31 years with Allegheny Technologies (ATI), a diversified specialty metals producer, where he held numerous leadership positions in sales, marketing, manufacturing, supply chain, logistics, procurement and information technology. He served as executive vice president of ATI's flat-rolled products group from 2011 until his retirement in December 2014. He also was president of ATI Allegheny Ludlum from 2002 to 2014 and served on the boards of two ATI Joint Venture companies.  Dunlap is now the principal at Sweetwater LLC, a newly formed consulting and investing business with a focus on manufacturing and technology. He holds a bachelor's degree from Indiana University of Pennsylvania.

About TimkenSteel Corporation

TimkenSteel (NYSE: TMST, timkensteel.com) creates tailored steel products and services for demanding applications, helping customers push the bounds of what's possible within their industries. The company reaches around the world in its customers' products and leads North America in large alloy steel bars (up to 16 inches in diameter) and seamless mechanical tubing made of its special bar quality (SBQ) steel, as well as supply chain and steel services. Operating from five countries, TimkenSteel posted sales of $1.7 billion in 2014 and was named 2015 Steel Producer of the Year by American Metal Market. Follow us on Twitter @TimkenSteel.

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SOURCE TimkenSteel Corporation